Commercial Trucking Insurance
Protect the Equipment That Keeps Your Business Moving
Physical damage insurance may help pay for covered damage to an insured tractor, truck, or trailer. It commonly includes collision coverage and comprehensive coverage, subject to policy terms and deductibles.
What it may cover
What physical damage may cover
- Collision with another vehicle
- Collision with an object
- Overturn
- Theft
- Vandalism
- Fire
- Certain weather-related losses
- Other covered non-collision events
Important to understand
Coverage depends on policy terms, valuation method, deductibles, scheduled equipment, and exclusions.
Who may consider it
Who may consider it
- Truck owners
- Owner-operators
- Financed or leased equipment
- Fleets
- Businesses with high-value tractors or trailers
Coverage in practice
Real-world situations
Your tractor is damaged in a collision
Physical damage coverage may help pay for covered repairs or replacement, subject to policy terms, limits, exclusions, and deductibles.
A truck is stolen or vandalized
Comprehensive coverage may address certain covered non-collision losses such as theft, fire, or vandalism.
Severe weather damages equipment
Certain covered weather-related losses may be addressed, subject to the policy.
Important to know
Collision vs. comprehensive
Consider valuation method, deductibles, permanently attached equipment, and towing/storage when structuring this coverage.
- Collision generally addresses covered damage resulting from impact or overturn.
- Comprehensive generally addresses eligible non-collision losses such as theft, fire, vandalism, or certain weather events.
- Valuation may be on a stated-amount or actual-cash-value basis; deductibles and exclusions apply.
Related coverages
Coverages often carried together
Prepare for a quote
Information commonly requested
- Vehicle year, make, model, and value
- Trailer information
- Stated amount or actual cash value preference
- Deductible preference
- Lienholder or lender details
- Insurance history and loss runs
- Operating radius
- Requested effective date
FAQ
Frequently asked questions
Is physical damage required by law?
It is generally not mandated the way liability may be, but a lender or lessor commonly requires it on financed or leased equipment. Your contracts may also require it.
Will a lender require it?
Often yes. Lenders and lessors frequently require physical damage coverage and may require being listed as a lienholder or loss payee.
Does it cover normal wear and tear?
Generally no. Physical damage addresses covered sudden and accidental losses, not maintenance, wear, or mechanical breakdown.
How should I value my truck?
Valuation may be on a stated-amount or actual-cash-value basis. A licensed professional can explain the differences and how each may affect a claim.
Are trailers automatically included?
Not necessarily. Trailers may need to be scheduled. Review your policy to confirm which units are covered.
Is roadside assistance part of physical damage?
Not automatically. Towing, storage, and related benefits may be available as options, subject to the policy.
Ready to Review This Coverage?
Tell us about your operation and a licensed insurance professional can help you explore available options.